Related Articles
Barclays restated their overweight rating on shares of Royal Mail (LON:RMG) in a research report report published on Friday, January 10th, Stock Target Advisor reports.
RMG has been the subject of several other reports. Sanford C. Bernstein cut shares of Royal Mail to a market perform rating and decreased their price target for the stock from GBX 250 ($3.29) to GBX 225 ($2.96) in a research note on Friday, November 29th. Royal Bank of Canada decreased their price target on shares of Royal Mail from GBX 315 ($4.14) to GBX 200 ($2.63) and set a sector performer rating for the company in a research note on Wednesday, October 9th. JPMorgan Chase & Co. decreased their price target on shares of Royal Mail from GBX 192 ($2.53) to GBX 159 ($2.09) and set an underweight rating for the company in a research note on Friday, November 22nd. Credit Suisse Group reaffirmed an underperform rating on shares of Royal Mail in a research note on Thursday, October 17th. Finally, Deutsche Bank reaffirmed a sell rating on shares of Royal Mail in a research note on Friday, January 10th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of GBX 211.54 ($2.78).
RMG stock traded down GBX 1 ($0.01) during mid-day trading on Friday, hitting GBX 213.20 ($2.80). 2,742,915 shares of the company were exchanged, compared to its average volume of 5,850,000. The company has a debt-to-equity ratio of 32.69, a quick ratio of 0.74 and a current ratio of 0.76. The firm has a market cap of $2.13 billion and a P/E ratio of 6.60. The firm’s 50 day simple moving average is GBX 226.33 and its 200 day simple moving average is GBX 216.22. Royal Mail has a 1-year low of GBX 186.80 ($2.46) and a 1-year high of GBX 308.50 ($4.06).
The company also recently announced a dividend, which was paid on Wednesday, January 15th. Investors of record on Thursday, December 5th were paid a GBX 7.50 ($0.10) dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a dividend yield of 3.78%. Royal Mail’s dividend payout ratio is presently 0.74%.
In other news, insider Rico Back bought 300,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was acquired at an average cost of GBX 234 ($3.08) per share, with a total value of £702,000 ($923,441.20). Insiders purchased 300,128 shares of company stock valued at $70,229,880 over the last three months.
About Royal Mail
Royal Mail plc, together with its subsidiaries, operates as an universal postal service provider in the United Kingdom, the United States, and other European countries. It offers parcels and letter delivery services under the Royal Mail and Parcelforce Worldwide brands. The company also provides services for the collection, sorting, and delivery of parcels and letters; and designs and produces stamps and philatelic items, as well as offers media and marketing mail services.
See Also: Stock Portfolio Tracker
Receive News & Ratings for Royal Mail Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Royal Mail and related companies with MarketBeat.com’s FREE daily email newsletter.
Source link
